PitchBook：2026年第一季度网络安全风险投资趋势报告（英文版）（14页）.pdf

1、EMERGING TECH RESEARCHCybersecurity VC TrendsVC activity across the cybersecurity ecosystem Q12026REPORT PREVIEWThe full report is available through the PitchBook Platform.CONFIDENTIAL.NOT FOR REDISTRIBUTION.Q1 2026 CYBERSECURITY VC TRENDS2ContentsInstitutional Research GroupDimitri Zabelin Senior R

2、esearch Analyst,AI and Cybersecurity Oscar Allaway Senior Data APublished on May 29,2026Cybersecurity landscape 3Quarterly analysis 4Key takeaways 4VC activity 4Exits 6Medians 6AI themes 7Key deals 7Conclusions 8Cybersecurity VC deal summary 26CONFIDENTIAL.NOT FOR REDISTRIBUTION.Q1 2026 CYBERSECURIT

3、Y VC TRENDS3Cybersecurity landscape For the complete cybersecurity taxonomy and company list,click here to see the market map on the PitchBook Platform.Application securitySecurity operationsData securityIdentity&access managementEndpoint securityNetwork securityCONFIDENTIAL.NOT FOR REDISTRIBUTION.Q

4、1 2026 CYBERSECURITY VC TRENDS4Quarterly analysisKey takeaways Cybersecurity VC activity opened 2026 with resilient capital formation,as deal value held steady at$5 billion despite transaction count falling to the lowest level since 2018.Early-stage funding overtook late-stage for the first time sin

5、ce Q3 2022,driven by AI-native platforms raising outsized rounds from inception as investors concentrated on AI-native startups.Exits reached a record$32.9 billion,fueled almost entirely by Alphabets$32 billion acquisition of Wiz,highlighting hyperscalers growing willingness to pay premium multiples

6、 for category-defining platforms.VC activityCybersecurity capital formation opened 2026 with a familiar pattern.Headline deal value held steady at$5 billion in Q1,down only 1%QoQ.Deal count slipped to 198 transactions,the lowest quarterly reading in the dataset dating back to 2018.The persistence of